Complaint Review: 200cash-Internet Funding Corporation

This company is a complete fraud. A few years ago I saw an ad in the paper(Columbus Dispatch) and simply said "Bad Credit..Your approved!" This was a unsecured loan that was being ofered for people in bad credit situations. LONG story short this company had me fax over my banking information, home address, social security number, 2 photo Id's etc. After faxing over my life basically they then asked for a "500 deposit due to bad credit" I asked the man why in the world I would have to pay this and he basically said they were doin me a favor. So being young and nieve I did..at the time thinking well it is a $2000 loan. After I sent them 500 Dollars that I had to borrow from my roommate in hopes to get $2000 back...they disappeared. All of a sudden the emails, phone calls, etc stopped. They only had one email, one fax number, and one phone number to contact. Oddly enough when I did call I would always get the same 2 people answering the phone(If they even answered). After sepnding days trying to see why I hadnt seen a deposit In my bank account I contacted the local news and gave them this report. The local news contacted them and all a sudden They wanted to work with me. They prmosied me a deposit within 3 weeks(whos ever heard of it taking that long??) But at the time I was willing to take anything...

Three weeks had past and I called the company again. The number was no longer listed. The Company did not exist. And I was out of 500 dollars with all of my personal information sent to some random person via fax.

Fast Forward to today. Needing a cash advance I apply online to a few companys. 200cash.com(Internet funding corporation) made it easy for me to apply. They send me an email simply titled "Loan Documents"
and I just unfortunatly faxed it over before reading up on them. If You read the fine print there is a "19" processing fee...ok people...WHY WOULD YOU SEND MONEY TO *GET* MONEY??? Myself like so many others have been stolen from in the past..and after reading this "Processing fee" I now feel like we have another scam on our hands. I will keep everyone posted.

Mike
Columbus, Ohio
U.S.A.